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of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many lawmakers headed home and likely to face the ire of their constituents, we saw one protester in baltimore yesterday over social security. there are a few left. today there's a joint economic committee hearing. they're going to hear from a top economist not only about the jobs numbers coming out tomorrow but also about what can be done to avoid this issue at the end of the year. >> tracie potts for us in washington.
weekend. this, as treasury secretary timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with app update on all of this. tracie, good morning to you. >> reporter: lynn, not quite empty. a lot of lawmakers on a long weekend break. take a look at some of the frustrated constituents they'll face. a protest in baltimore over social security, not the check but the jobs. the people who work in the offices who fear there could be super long lines for taxpayers if, in fact, their jobs are cut in all of this. so where do we stand today? there's a hearing today on capitol hill. the joint economic committee hearing on what can be done for the fiscal cliff. treasury secretary timothy geithner says the administration is willing to go over the cliff, let taxes go up, let these taxes happen if republicans press the idea of no tax increases for the wealthy. the latest we've learned, president obama and house speaker john boehner have spoken by phone. no word on what they discussed or whether there are any meetings planned
and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from bankruptcy. >> reporter: if a deal is not reached, taxes go up and spending will be clashed. defense contractors are sending the message to lawmakers those cuts would damage the military industry and weaken national security. the ceo of task, a company that develops aviation systems and software for intelligence agencies: >> over 50% of the defense budget is procuring services and services are underscored by jobs. so of course there will be job loss if you have cuts. >> reporter: the cliff hits at the end of the year. but congressional leaders say a compromise needs to be figured out in the next couple of weeks so lawmakers have enough time to debate and pass it. in washington, danielle nottingham, cbs 5. >>> so if democrats and republicans do not reach a deal, the tax policy c
is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that they are eager to make immediately. >> let me show you the side by side comparison. the president wants $1.6 trillion in revenue and republicans want to cap the same deductions for the rich but republicans want to change the age to 67 and change the way they calculate social security payments. i wonder, though, when we look at these numbers, are we that far apart in. >> i think they are definitely rather far aare part at this moment in time. yeah, absolutely. >> so there are so many ways that any of this could affect the average tack payer, obviously if taxes go up. but what about funding to states and localities. i know that one of the things that they are concerned about is that when you make cuts, that essentially those cuts are going to come on their budgets. what could happen in a meeting like thi
december. senator cornyn, thank you so much. new reports that the obama administration could get more involved in syria by supplying weapons to the rebels. this despite evidence that's arms going into syria are going to the hard line extremists and people who hate america. we'll explain how that happening and why there is such risk in our next possible move. colonel ralph peters is next. four women in the military have filed a lawsuit to forechange the rules for women in combat. can a judge change the longstanding policy? we'll debate it in "kelly's court." a random act of kindness caught on camera. today we hear from the new york police officer who is being celebrated across the country. >> it was extremely cold that night. you see this gentleman. i offered to buy him a pair of socks. he said no, but god bless you and thanks for asking it's freezing cold touted and he had the heart to say god bless me. i just knew i had to help him. citracal slow release continuously releases calcium plus d with efficient absorption in one daily dose. citracal slow release. campbell's has 24 new soup
at billions of american taxpayer dollars going to palestine? >> under the obama administration, i think it's a real risk. i think they've been hostile to israel and this is one more step to make it easier for the obama people to do exactly that. >> okay. and ambassador john boulton, always a pleasure. >> thank you. stuart: coming up new at 10, the journal "science" comes out with a new study on climate change and could give even more ammunition for a global carbon tax. ammunition for new tax, that will be coming up for you at the top of this hour and as we always say, time is money and here in 30 seconds is what else we've got for you this friday morning. a man whose company managed to power an eetire island with green energy, but it was all privately funded, no subsidies, very small scale, but no subsidies, private throughout. we'll have that man sitting next to me on the set. angry staten island residents lash out at fema, they feel like they've been forgotten. we'll show you that video. illinois has had a huge pension problem, what does it do? created a cartoon snake, squeezy the pensio
, surprise, obama administration doubles down on green energy and find out how much the taxpayer will have to shell out this time around. and also new at 10, enough obamacare laws are starting to go into effect and for restaurants across the country. one new regulation that could cost businesses millions, again, that's coming up the top of the hour and it will be new at 10. something serious going on here, there are reports that syria is mixing chemical weapons and loading them into bombs. sarin gas is theeprecise weapons grade material they're talking about here. nbc news reports that the the syrian military is waiting for orders from president al-assad to drop the bombs on its own civilians. the united states warned any use of chemical weapons would trigger western intervention. secretary of state hillary clinton meets russian diplomates and syria, chemical weapons, they will be discussed. and now to egypt. five people dead after huge protests in the streets of cairo and hurled rocks, fire bombs to protest morsi's seizure of near unrestricted powers and rush-through adoption of the quick
today some members of the obama administration met with members of congress to discuss the libyan chaos. this story just drip, drip, drip. but in egypt things are getting very intense. as thousands of protesters demonstrate against the muslim brotherhood trying to seize totalitarian powers in that country as we predicted they would. sadly many measures don't care about what happens over seas but author brad thor who writes contemporary thrillers believes there suspect more to the libyan situation than we know. there thor, the author of the book blacklist joins us now from chicago. what's your headline here, brad? >> well, my headline is next week it's going to be three months since the killing of ambassador stevens and we don't know any more now than we did three months ago. and that is not good for our republic. >> bill: do you see because you research your buicks fairly thoroughly. the key to selling books in your genre is to make them realistic that people who read them go you know, this could really happen. so when you are looking at what happened in benghazi, libya, what are the qu
. amid reports the obama administration is preparing to recognize syria's opposition council as the legitimate representative of the people, clinton notes rebels are now able to hold their ground and take the fight to government forces. >> we have been deeply involved in helping to stand them up, and we're going to carefully consider what more we can do. >>> and on iran's nuclear ambitions, clinton says with the u.s. election over, now's the time to see if there's any hope for negotiating in good faith. >> there is still a window of opportunity to reach some kind of resolution. >>> and back here to main street, usa, a couple of great stories for you. yesterday in sandy-stricken new jersey and new york, a secret santa was handing out $100 bills. the anonymous missouri man sought out people who had been devastated by hurricane sandy. and while he plans to hand out $100,000 in total, he says it's not about the money. it's about committing random acts of kindness. >>> speaking of random acts, this new york city police officer did something incredibly kind for a homeless veteran i
use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york times," this story got so much attention locally here and around the nation. the homeless man who received a pair of shoes from a selfless police officer. reporters caught up with him on the upper west side and his
, the obama administration, that they will vote against this resolution. >> the president has given us unequivocal support and has said categorically the only means to a two-state solution between israel and the palestinians is by direct negotiations without preconditions. >> you've heard lindsey graham and other senators warning if the palestinians use this as an opportunity for example to go to the international criminal court, they would consider cutting u.s. aid. and there are hundreds of millions of dollars a year in various forms of assistance to the palestinian authority on the west bank. would that be smart? i say that in a sense that the palestinian authority is the moderate element of the palestinian movement. they want a two-state solution unlike hamas which doesn't recognize israel's right to exist. don't you want to elevate the palestinian authority at the expense of hamas? >> well, we have great friends on capitol hill, both in the senate and in the congress and on both sides of the aisle. we deeply appreciate their support. right now, wolf, we're engaged with a very inte
recorded in the obama administration. not twice as large than the largest deficit in american history. not three times as large as the largest deficit in american history. but almost four times larger than the previous largest annual deficit in american history was the first year deficit recorded in the obama administration. we tip, that was the first time ever we run trillion dollar deficits, we continue to run trillion dollar deficits throughout that time. tax policy hasn't changed during that time. tax policy is exactly the same. you hear in the newspaper all the time, mr. speaker, the bush tax cuts. i don't know that that has meaning anymore. in 2001 and 2003 we did do some dramatic changes to tax policy. president obama extended all of those changes in 2010. that's the law of the land still today. tax policy has been exactly the same over this continuum. what has changed, mr. speaker, what has changed is the spending. the reason deficits have grown not one, not two, not three but almost four times larger than the previous record deficit in american history is not because tax poli
been fairly quiet throughout the first term of the obama administration. now the president has been reelected, george w. bush sort of comes out a little bit to make this big address, why? what is the timing about, do you think? >> i think the timing was shrewd. he really made a point of staying quiet during the first couple of years of president obama's administration, saying that he wanted the about the to be able to do his job, he didn't think he needed a former president to go out there and do somed tore ra some editorializing. he gave some peaches, enjoyed his life. he was not the subject of any praeurbgsz in fact not the subject at all at the republican convention in tampa in august. as mitt romney was trying to win the presidentee again, george w. bush was really a recluse. i think now that the election is over the republicans lost. he wants to have a role in one of his causes. immigration is a passion he shares with his brother jeb, former governor of florida who is thinking of his own political future and possibly a white house run and wants to help in the reset of the repub
administration and i hope to explore some today. president obama made a number of promises and his running for president. a number still available unchanged.gov under the course of the administration new issues came up for dealing with campaign finance disclosure to dealing with law suit. baseman chase changes. what has occurred or not occur during the last four years and looking forward to the next. she can join for three experts on my right, tran thi appeared next to her history and three. to my left history to come the white house reporter for "politico." for more extensive by every sunday or chairs and those watching at home, transparencycaucus.org. i will go right into remarks my panelists will start with them. >> good afternoon, everybody. i'll get some remarks on ethics and transparency issues. if i had to summarize how the obama administration is done i would say the efforts of the well intended but not always well executed. we start out wanting to make a strong statement so one of the initial statements we had to put in place that said two years after leaving you cannot lobby on t
when the obama administration got belarus to give up their highly enriched uranium too. their stockpile of the material was taken away and secured by the united states. the guy in kazakhstan, the guy who named a national holiday in his own honor, he agreed to give up a portion of his country's highly-enriched uranium and all the risk that goes with it. it's remarkable that coup tries that used to be part of a soviet union, these countries agreed to give up their nuclear weapons and that they also agreed to give up material used to make nuclear weapons. so while there are a lot of things to worry about with belarus, we can worry a little less about their stockpile because they let us lock some of it up. american policy that makes this a priority is now more than 20 years old. it goes back to 1992. it's the cooperative threat reduction program. it's named after the senator sam nun and richard lugar. this is one of the things that our government does. you may remember me wearing a funny outfit when we traveled to mexico while they were giving up the last of their jury rain yum. working wit
if they will be discussing the fiscal cliff or a possible role for romney in the obama administration or if they're just having lunch. tim geithner also entering the fray, the chief fiscal cliff negotiator will meet with congressional leaders today in an attempt to get talks moving. >>> this alabama teen alleged by beaten by her girl friend's brother insists it didn't happen because she is day. they say the real story will come out when the time is right, for now that's all they're saying. the family is saying it is a hate crime and they want 18-year-old travis hawkins second degree charges upgraded to murder. >>> a texas man is in custody for allegedly making terrorist threats against a san antonio mosque. a witness tells police that 42-year-old christopher bane intended to go to the islamic academy of san antonio and shoot as many people as he could and then kill himself. he was arestrested without incit on tuesday. >>> we are looking at two manatee calves getting much tlc. the newborn was found hungry and all alone over the summer. and then there's pilgrim, rehabbing after being hit by a boat. he bro
forgotten what 9/11 was about? >> i think from the beginning of the obama administration has attempted to close guantanamo bay. as you remember they attempted with the prison in thompson, illinois to close guantanamo and move the detainees there. it ended up with opposition from the senate and the houses. this vote as you pointed out 50-41. they have released this government accountability report in order to build additional support for their effort to close guantanamo. people are saying these are not intelligence analysts that are releasing this report. the think the memory of 9/11 is still fresh enough. khalid shaikh mohammed and people like this who have been so explicit in terms of what they would like to do to the united states, i think those memories are still well enough understood by the american public that there is going to be continued opposition to the administration's attempts here, regardless of their efforts to build support in the senate. >> harris: i wanted to ask you about thompson, illinois. 2009 to retrofit to host military trials, house up to 100 terror suspects. a
about whether the obama administration allowed the filmmakers access to classified documents. you are going to hear from behind the movie when we come back. stay with us. ♪ ♪ ♪ ♪ >> eric: well, we were going to do a segment on the fiscal cliff but nothing happened today. so i'll show you other attention-starved loans hellbent on doing something really stupid. >> oh! >> oh, my gosh! >> eric: okay. now let's talk about the -- no, it's not, bob. the newest and latest from the obama spy department. zero dark thirty is the new video that documents event around the bin laden kill and it's chock full of controversy. c.i.a. opened the door and file to the movie producers. here is a cliff of "zero dark thirty." >> do you really believe this story? >> usama bin laden. yeah. >> what part convinceed you? >> her confidence. >> if you're right, the whole world is going to want in on this. ♪ ♪ >> eric: we're all watching, we're engaged and we'll all want to see that. but kimberly, should the c.i.a. allow hollywood inside their doors, inside their files? what is the up side? >> kimber
in washington. the big story is order from the obama administration to pentagon to get ready for sequestration. tonight on "special report," for the first time, the defense department and other agencies are told to start planning for massive spending cuts that will automatically kick in, if a budget deal is not reached. we take look at what the specific cuts would do to the nation's defense capabilities. you heard a lot lately about possibly curtailing tax deductions as a way to raise revenue the president said republicans want to eliminate charitable deductions. we'll see if it's true to get the latest on the cliff negotiations. president and speaker boehner talked today by phone. syrian president bashar assad sent an envoy to several latin american nation to scout location for asylum. special senators from at 6:00 eastern. back to my colleagues with "the five." ♪ ♪ >> kimberly: treb story of the homeless man given boots from cop on cold night in new york city last month? it turns out he is not hom homeless. jeffrey and the nypd officer became internet sensations after a photographer snap
in egypt, this is all part of a much larger failure of the obama administration's foreign policy. you had ambassador rice, secretary clinton, president obama day after day after day issuing warnings to assad. you can see the good it's done. he continues to slaughter his own people. >> sean: some sources are saying we may be sending our carriers and we may be, in fact, making some military moves. i don't know if it's going to be too late. we'll have to watch and monitor and pray those weapons don't get used. >> sean: let me ask you. this whole campaign, there was a war on women and the majority of the discussion democrat with free contraception for women, 9 bucks a month for birth control pills. now we've got more morsi mobs, muslim brother hood mobs raping women in public. i haven't heard a peep out of the president. he asked mubarak to go. he's not asking morsi to go. the military has been taken over. the new constitution calls for shuria. where is the president and the feminist movement? >> we have all been focused on the fiscal cliff as we should be, but we're looking at a national sec
passed a tax cut extension program that the obama administration wants and it would essentially lay the groundwork for getting a quick fix to this fiscal cliff. they could then move on to the spending cuts portion. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> giants are okay. i like the packers better. remember to answer tonight's question question at the bottom of the screen. share your thoughts on twitter @edshow and on facebook. we always want to know what you think. >>> coming up, senate minority leader mitch mcconnell says democrats need to raise the eligibility age for medicare? obama care architect dr. zeke manual joins me to talk about what will happen if the parties don't come to a deal. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... t
today, the obama administration is willing to go over the fiscal cliff if republicans don't agree to raising taxes on the rich. all this week we've been focusing on what it is about this congress and this administration that makes it seem like compromise is a dirty word. certainly the extremes in the party seem to view it that way. we've been talking with past congressional leaders who have sat down at the negotiating table, facing sharp differences with the other political party in the past and still managing to come out with a deal. today i spoke a short while ago with trent lott, author of "herding cats: a life in politics." >> senator lott, you and senator mitchell wrote op-eds. you said one solution is to hold congress at hearings, marking up legislation. most americans would agree with that but be surprised to hear, i mean, that's their job. i think most of us, you know, would assume, isn't that their job description? >> well, they've slowly slipped away. for several years now. they don't do appropriations bills before the end of the fiscal year, not even before the end of t
of the attempt of the obama administration, correctly, to try to you know force the republicans to play ball on their terms, reality is, the collateral damage done to the poor in the meantime is so devastating, because the margin of reserve for those middle class, even compared to the poor is more significant than when you're making a dollar that you talked about and you've got go there -- i was on food stamps for three years i understand what it means to be on food stamps. most people are on welfare for two years or less, they use it as a stopgap measure. most people do not pimp the system. the perception is they pimp the system. you ain't doing much pimping on food stamps. about your a low rent pimp if you're on food stamps. >> alex? >> go ahead. >> reporter: i understand michael's point but i think he's giving obama -- underselling obama's effectiveness so far a little bit. obama doesn't talk a lot about the poor but in the negotiations, especialfully 2010, the president, his team, gene sperling and others were effective in protecting poor people's programs, and benefits, and i think they
the full attention of the obama administration. >> our concerns are that an increasingly desperate assad regime might turn to chemical weapons or might lose control of them to one of the many groups that are now operating within syria. >> syrian ground forces and rebels have been battling in and around syrian capital of damascus. it is now estimated that more than 40,000 people have been killed in violence in march 2011. >> just an atrocity there. >>> now to the pink slips at citigroup. the company is slashing 11,000 jobs worldwide. about 4% of its work force. more than half of those cuts will come from consumer banking. and they're aimed at saving $900 billion next year alone. investors were apparently pleased. because citi stocks shot up more than 6%. >>> the world's biggest coffee chain is about to get even bigger. starbuck's is planning to add 1,500 cafes across the country over the next five years and another 1,500 in canada and latin america. the company has big expansion plans in china. there are currently more than 18,000 starbuck's around the globe. they're now charging $7 for t
her? >> in the obama administration, yes. what are her qualifications? let's list them. she's a major fundraiser for president obama -- megyn: okay, that will begin and end the list. [laughter] >> no, it doesn't, no. she's a leftist in her politics, she's a celebrity who supported him in his re-election, and she's a monster to work with. are those not diplomatic characteristics that we'd welcome in someone who goes to london as our ambassador? i'm joking, obviously. megyn: well, you list the accurate, you know, the stuff you said about her is reportedly true. i mean, she's notorious for being difficult to work with and so on. but all the presidents do this. this is what they all do. if you raise a lot of money for me and i'm running for president, you're going to be an ambassador. that's half the reason people do it. >> however, president obama back in '08 when he first became president, he said he was going to appoint more professionals with diplomatic experience to the service. since then he has appointed 59 ambassadors, 40 of which have no diplomatic experience -- megyn: but she is
" is reporting the obama administration is considering options, including arming the rebel fighters there who have made progress in recent days in battling bashar al assad's forces. >>> and more trouble for president obama's expected nominee for secretary of state. susan collins says she will not back rice for the job, until more questions on the attack on the u.s. consulate in libya are answered. collins said if president obama nominates senator john kerry instead, he would have no trouble winning confirmation. >>> and breaking news out of new york. lindsay lohan has been arrested again, after a fight at a nightclub here in the city early this morning. she is facing assault charges for allegedly punching a woman in the face. police are not saying how long they intend to keep her in custody. lohan was banned from the club, in fact, earlier this year. police say the woman lohan hit was not arrested. >>> and zig ziglar, the motivational speaker/author, who inspired millions for decades, has died. his first quote, "see you at the top" in the '70s. and followed with dozens of books on how to stay
freely in the eastern libyan city. what is going on here? >> i think it's a big problem for the obama administration and for the country. the president was right on september 12th when he said that the world needs to understand that when the united states is messed with there will be retribution, and what we've seen thus far, whether it's in the ap story, or a new york times story with one of the suspected plotters of the attack sipping fruit drinks with reporters, or, you know, the fact that the fbi continue get on the ground for several weeks after the attack there doesn't seem to be the urgency that the president suggested that there would be. i think the world needs to see that beyond the immediate concern of just bringing to justice the people who actually committed the act. bill: why does it appear to be such a low priority? what would explain that? >> well one guess would be that it isn't a high priority. this is not something that seems to have taken up a lot of time of folks in the white house, of folks elsewhere. i think if there were the urgency that the president said ther
that she would emphasize the points that the obama administration wanted emphasized. i walked out of the meeting with a profound sense of disappointment. martha: hmmm. melissa: those are pretty strong words from a senator who is known for not necessarily towing the party line. i think she is viewed as much more independent. that is assessment a lot of people are coming from. for me what was telling the president was at the press conference and the president said, essentially, don't pick on ambassador rice. she didn't know anything about gaziano. why did the administration put her out there as the spokesperson what ended up being misleading the world on what really happened in benghazi? it is just every single time we go down this step it is bungled and begs more questions than it answers. >> how do you think we're doing with the investigation? we were told we wouldn't really hear anything about all of this until after the election which some people thought was too bad. but now we are after the election so when do you think we will get some answers on what they know? melissa: remem
with the obama administration? what gig would it be? and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their student
enforcement. so now what the obama administration has decided to do is nearly double the amount of acreage that is off limits for logging. it's now 9.6 million-acres. but it's not going to do any good because the real culprit in the disappearance of the northern spotted owl is no, not loggers or people who work in the timber industry. it's another owl! so guess what, now we're going to fund the fish and wildlife service to do, shoot this other owl, the predatory barred owl, in order to save -- >> brian: you're kidding? >> no, i'm not kidding. shooting owls to save them. this is liberal environmental protectionism and the logic that yields these kind of results. hello! taxpayers, are you listening! >> steve: go to twitchy.com and you'll be twitching when you hear about this. michelle, thank you very much. have a great weekend. we'll see you next week. >> you bet. >> brian: who would be the good owl and who would be the bad owl? >> steve: you better -- >> gretchen: i wouldn't want to be the shooter. coming up, housing act set to expire in a few weeks could cost homeowners a whole lot of mone
're hearing the obama administration released a budget that includes over a trillion dollars worth of tax hikes just as we inch toward the fiscal cliff with no compromise in sight. peter doocy is at the white house with the latest. peter? >> and the two numbers you need to know to best understand the president's proposal to avoid the fiscal cliff are 1.6 and 400. as in $1.6 trillion in new taxes now and $400 billion in spending cuts later. the white house also wants a new multi-year stimulus plan that's going to cost at least $50 billion in fiscal year 2013 alone and they want the ability to raise the debt ceiling on their own unless two-thirds of congress votes against it. but republican leaders in congress are not happy with this proposal which was presented to them yesterday by treasury secretary timothy geithner. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope
, sunny. yesterday was round two between the obama administration and congressional leaders on capitol hill. and things aren't looking good. basically at this point, both sides have laid out an agenda, and they're waiting for the other side to blink. so much for that brief burst of optimism in washington over the fiscal cliff talks. now republicans and democrats can't even agree on where things stand. >> no substantive progress has been made in the talks. >> and you know there is progress. >> treasury secretary tim geithner sat down with bipartisan congressional leaders to keep pushing for a deal. a top boehner aide said the plan geithner presented is, quote, completely unrealistic. and a top democratic aide said republicans have taken to screaming at them. if no action is taken by december 31st, 650 billion in cuts to the pentagon and domestic programs and tax increases automatically go into effect. after the meeting, the finger-pointing came quickly. republicans say democrats aren't bringing to the table a plan that include significant cuts to medicare and entitlement programs. >> re
on the fact we're not going to raise the rates on anybody at any point. and what the obama administration has made very clear is it's got to be tax rate. well, the republicans are saying, doesn't have to be the tax rate. you can come up with other money closing loopholes and deductions and stuff like that. so right now it's just a dance, somebody's got -- the republicans have to come up with a formal offer. >> gretchen: i was going to say, they don't have a plan. >> steve: we've heard the president's plan. it's crazy, according to the republicans. now it's time for the republicans to come out with a plan and then have the democrats say, no, that's crazy. >> gretchen: one thing is for sure, nobody is going to get everything that they want. that's just the way it is, i think, in this very difficult situation. both sides are going to have to compromise. >> brian: i think the rolling stones sang about satisfaction and you can't always get it. >> steve: you can't get no. >> brian: we'll go over that and maybe sing it. costco is a company in which the president always leans on the ceo, the guy in c
security. but the obama administration and harry reid right now democrats don't want social security even on the table because it is not connected. the republicans -- want it there because they want to cut social security but the democrats are saying look, social security is not the problem. there is an easy fix to that. we'll take care of that later. we'll take care of that next. but right now don't touch social security. don't touch it. just put it out of the equation. and deal with fiscal crisis as it is. deal with the need for combination balanced approach of spending cuts that the president's put forward and new tax revenue which the president knows most of it has to come for tax cuts for the wealthiest. when we solve that problem then we'll let them deal with social security. but not muck it up right now. >> announcer: this is the "bill press show." and i'm just blanking a little bit. i think his phrase for it was feed the beast going to do the young turks. i think the number one thing that viewers like about the young
to a kr credible location. >> and the obama administration is saying what the united nations did unilaterally was a setback. do you agree with that? the body i represent is split. some people are in favor of the u.s. vote. the truth of it, the only thing that will work to deliver a palestinian state side-by-side with a secure state of israel is peace. as you can see we have a chance now. the president has been re-elected. i know he's deeply personally committed to this and we just have to regrip it, i'm afraid. >> what's gone wrong? >> it's partly because there's so much turmoil in the region right now. it's how each side views its own prospects. >> how would you characterize a credible negotiation given the fact as long as we've been alive there's been these problems that keep erupting and never, ever get solved? we've been trying for 20, 30 years. it was 50, 60 years before we got one that worked. and actually back in the year 2000, and again in 2008, you have no option in the end. the only thing that works is to make it credible if we shape the negotiations. give it some shape
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